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Economy 14 Sep 2016 | 1:58 PM

Brexit not the end of European Union, Juncker says

STRASBOURG: The president of the European Commission, Jean-Claude Juncker, sought on Wednesday to rally support for the European Union, saying the bloc battered by the UK Brexit referendum was not about to break up despite its existential crisis.

Corporate News 15 Jul 2018 | 10:57 PM

On eve of Russia summit, Trump calls European Union 'a foe' in trade

HELSINKI: On the eve of his meeting with Russia's Vladimir Putin, U.S. President Donald Trump rattled allies once more by labelling the European Union a "foe" with regard to trade.

Economy 04 Jul 2018 | 12:31 AM

China presses Europe for anti-US alliance on trade

BRUSSELS/BERLIN: China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump's trade policies at a summit later this month but is facing resistance, European officials said.

Business 13 Aug 2016 | 12:00 AM

Europe needs to break up so it can stay together

THE European project is in a funk. Talk of ever-closer union has been silenced by the UK decision to quit the European Union. The long-term solution lies in acknowledging that while some European countries want nothing more ambitious than a free-trade area, others should get on with building a full-fledged United States of Europe.

Economy 29 Mar 2017 | 11:07 PM

'No turning back': PM May triggers 'historic' Brexit

LONDON: Prime Minister Theresa May formally began Britain's divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.

Economy 23 Jun 2017 | 10:59 PM

Brexit forever or Brexit never?

LONDON: In the year since the United Kingdom voted to leave the European Union, the future of Brexit has been thrown into question by Prime Minister Theresa May's failed gamble on a snap general election

Business 20 Sep 2013 | 3:47 PM

EU, Singapore conclude far-reaching trade deal

BRUSSELS/SINGAPORE: The European Union and Singapore submitted for approval on Friday one of the world's most comprehensive free trade agreements, which the EU sees as a stepping stone towards a wider deal with Southeast Asia.

Business 22 Mar 2013 | 12:00 AM

Cyprus risks euro exit after EU bailout ultimatum

NICOSIA: The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone.

Economy 01 Oct 2018 | 8:37 AM

Britain's Hammond says UK can cope with no-deal Brexit

BIRMINGHAM, England: British finance minister Philip Hammond said on Monday the United Kingdom had the fiscal capacity to cope with leaving the European Union without any agreement but believed the mood in Brussels was to reach a divorce deal.

Banking 14 Jun 2017 | 1:24 AM

US plans threaten to undermine global bank reforms

LONDON/HONG KONG: U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis will throw a system of international regulatory cooperation into confusion, European Union and Asian regulatory sources said on Tuesday.